Industrial Films Global Market Report 2024

The global industrial films market has grown strongly in recent years. It will grow from $42.58 billion in 2023 to $45.14 billion in 2024 at a compound annual growth rate (CAGR) of 6.0%. The historical growth can be credited to cost-effectiveness measures, the transition from rigid to flexible packaging solutions, a surge in the demand for barrier films, their utilization in the textile industry, as well as their applications within the medical and healthcare sectors.

The global industrial films market is expected to see strong growth in the next few years. It will grow to $57.05 billion in 2028 at a compound annual growth rate (CAGR) of 6.0%. The anticipated growth in the forecast period is underpinned by ongoing industrialization, the increasing emphasis on sustainable packaging solutions, the expansion of the construction sector, the growing applications within agriculture, and the rapid advancements observed in the field of electronics. Key trends expected during this period involve the development and adoption of functional coatings, optical films, heat-shrink films, UV-resistant films, and the utilization of multilayered films across various industries.

The surge in construction projects, particularly in developing nations, is poised to drive the expansion of the industrial film market. Industrial films, instrumental in creating distinctive visual effects and lighting in the construction of buildings and commercial spaces, are witnessing increased demand. For instance, Upmetrics published an article in October 2023, highlighting the USA's $1.8 trillion construction industry and the global construction sector's $8.9 trillion valuation in 2023. Forecasts suggest the global residential construction market will grow to $8.3 trillion by 2032, with an annual growth rate of 4.8%. Thus, the surge in construction activities serves as a significant impetus behind the growth of the industrial films market.

The ascent of e-commerce is expected to drive the expansion of the industrial films market. With e-commerce constituting online transactions, including retail, digital payment processing, and online marketplaces, industrial films play a vital role in packaging solutions. These films ensure the secure packaging of diverse goods, safeguarding them during transportation. Their attributes include durability, tamper resistance, and protection against environmental elements, maintaining product integrity during shipping. Notably, as per a Morgan Stanley article in June 2022, global e-commerce rose from 15% of total retail sales in 2019 to 22% in 2022 and is projected to reach $5.4 trillion by 2026, up from $3.3 trillion in 2022. Hence, the surge in e-commerce activities is propelling the industrial films market.

Innovation stands as a pivotal trend shaping the industrial film market landscape. Key players in this industry are dedicated to introducing innovative product solutions to fortify their market presence. For example, in March 2021, DuPont launched DuPontTM Tedlar polyvinyl fluoride (PVF) film designed for laminating metal roofing and building wall panels. This product offers distinctive features, including resistance to harsh chemicals and corrosion essential attributes for Tedlar-laminated metal alongside protection against UV-induced fading, chalking, cracking, and blistering, making it a robust solution for residential and commercial applications.

Strategic collaborations and partnerships are instrumental strategies adopted by major companies to bolster their market positions. One such collaboration was between the Dow Chemical Company and Lucro in February 2021. This partnership aimed to develop and launch polyethylene films in India using post-consumer recycled (PCR) plastics. Lucro, an India-based manufacturer specializing in upcycled plastic packaging, partnered with Dow Chemical Company to leverage their combined expertise and resources in creating sustainable polyethylene films for the Indian market.

In May 2021, Mitsubishi Chemical Holdings Corporation, a prominent Japanese chemical and pharmaceutical conglomerate, successfully acquired Nakai Industrial Co. Ltd., with the specific financial details remaining undisclosed. This strategic acquisition is geared towards bolstering Mitsubishi Chemical's capacity in film coating manufacturing to cater to a wide array of customer demands. Nakai Industrial Co. Ltd. is a Japan-based company operating in industrial films.

Major companies operating in the industrial films market report are Mitsui Chemicals Inc., Toyobo Co. Ltd., Eastman Chemical Company, Compagnie de Saint-Gobain SA, DuPont de Nemours Inc., Berry Global Inc., SKC Co. Ltd., Toray Industries Inc., Mitsubishi Chemical Holdings Corporation, Solvay SA, FUJIFILM Holdings Corporation, Sigma Plastics Group, Muraplast d.o.o., Unitika Ltd., Jindal Films Europe Virton Sprl, Transcendia Inc., Mondi PLC, Hi-Fi Industrial Film Ltd., Bogucki Folie Sp zoo, Inteplast Group Corporation, 3M Company, Avery Dennison Corporation, Bemis Company Inc., Covestro AG, Filmquest Group Inc., Uflex Ltd., Hyplast NV, Kuraray Co. Ltd., Novamont SpA, Plastipak Holdings Inc., Polifilm Group, Raven Industries Inc., Renolit Group, RKW Group, Saudi Basic Industries Corporation, Saint-Gobain SA, Sealed Air Corporation, SRF Limited, Technipaq Inc., Tredegar Corporation

Asia-Pacific was the largest region in the industrial films market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the industrial films market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the industrial films market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

Diverse types of industrial films exist, including linear low-density polyethylene (LLDPE), low-density polyethylene (LDPE), high-density polyethylene (HDPE), polyethylene terephthalate (PET), polypropylene (PP), polyvinyl chloride (PVC), polyamide, and other variants. Polyethylene terephthalate, part of the polyester polymer family, is a robust and rigid synthetic fiber and resin. These films find applications across various domains such as coated non-woven products, dry film adhesives, electronic and battery industries, as well as in barrier and breathable coatings. Additionally, they serve purposes in puncture-resistant coatings and films. Their usage spans multiple industries including agriculture, industrial packaging, construction, medical, transportation, and various other sectors, contributing significantly to the protection and performance enhancement of packaged goods and materials.

This report provides industrial films market statistics, including industrial films industry global market size, regional shares, competitors with an industrial films market share, detailed industrial films market segments, market trends and opportunities, and any further data you may need to thrive in the industrial films industry. This industrial films market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The industrial film market consists of sales of cast polypropylene (cpp), biaxially oriented polypropylene, and biaxially oriented polyethylene terephthalate. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


This product will be delivered within 3-5 business days.